Holiday sales boost Target forecasts, shares jump
Target Corp forecast 2019 profit above Wall Street estimates on Tuesday as investments to draw more shoppers online and in stores drove a jump in holiday sales, sending its shares up 5 percent.
Stocks stall, dollar stands tall as China trims growth targets
World shares stalled near a five-month high on Tuesday as China cut its growth targets to a 30-year low but added more stimulus, and a revived dollar headed for a fifth day of gains in the currency markets.
Ford discussing closure of two Russian plants: sources
Ford Motor Co is considering closing two major plants in Russia as part of its global plan to restructure operations in unprofitable regions, three industry sources told Reuters.
Papa John’s founder John Schnatter to leave board in settlement deal
Papa John’s International founder John Schnatter has agreed to leave the board as part of a settlement agreement with the company, signaling the end to an acrimonious battle for control over the world’s third-largest pizza delivery chain.
China can ‘absolutely’ reach agreement with U.S. on financial opening, banking regulatory chief says
China can “absolutely” reach an agreement with the United States on opening up its financial sector, China’s top banking regulator Guo Shuqing told reporters on Tuesday on the sidelines of the annual parliament meeting.
China says can ‘absolutely’ reach deal with U.S. on financial opening
China can “absolutely” reach an agreement with the United States on opening up its financial sector, China’s top banking regulator said on Tuesday, even as the country’s commerce minister admitted talks with Washington had been difficult.
China to slash taxes, boost lending to prop up slowing economy
China sought to shore up its slowing economy through billions of dollars in planned tax cuts and infrastructure spending, with economic growth at its weakest in almost 30 years due to softer domestic demand and a trade war with the United States.
Stock futures inch higher, progress in U.S.-China trade talks in focus
U.S. stock futures ticked higher on Tuesday, a day after the Dow Jones Industrial Average and the S&P 500 posted their biggest drop in nearly a month, as investors hoped for an U.S.-China trade deal as early as this month.
Kohl’s forecasts earnings above Wall Street estimates, shares jump
Kohl’s Corp projected annual earnings above Wall Street forecasts on Tuesday, as the department store chain offers attractive promotions and begins selling new apparel through partnerships with popular brands.
Oil edges higher towards $66 as OPEC-led cuts in view
Oil edged higher towards $66 a barrel on Tuesday as the market balanced OPEC-led efforts to tighten supply with the restart of Libya’s biggest oilfield and the prospect of weaker demand.
